Will Hunting turn, or will it continue up towards 747p?

• Breakout above 570p to trade 582p (at time of writing).
• The ‘trend is your friend’. Will it continue towards 747p?
• Shares -38.0% from 2018 highs; +29.2% from 2018 lows; +21.3% year-to-date.
• 17 Dec: Hunting backs 2018 expectations despite weaker US onshore market
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Hunting – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue to 747p . You decide to buy exposure to £10,000 worth of Hunting using a CFD, at the current price 582p (at time of writing). To do this, you need £2,000.

Let’s assume the Hunting trend continues upwards to 747p (+28.3%). Your profit would be £2830, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Hunting breaks lower, falling 5% and it hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.